STJ shares within a bullish channel

An office of traders with multiple trading screens
St. James's Place, a wealth management group, reported that net inflows totaled 0.67 billion pounds in May, compared with 0.73 billion pounds in the prior-year period, while funds under management rose to 112.58 billion pounds as of May 31 from 105.83 billion pounds at the same time last year.

From a chartist point of view, the stock price remains within a bullish channel in place since March. However, the daily Relative Strength Index (RSI, 14) struck against 70% and is reversing down. Prices are nearing the rising 20DMA. The configuration is mixed between support at 886p and resistance at 1041p. A break below 886p would call for a reversal down trend towards 744p. Alternatively, a break above 1041p would call for a new up leg towards 1121p and 1210p.

Source: GAIN Capital, TradingView


Related tags: Equities

Open an account in minutes

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.

Economic Calendar